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account also is available to those who

Form 990-PF; or “Yes” to question 75b,

to report the liability and pay the tax

file electronically.

75c, 77b, 78a, 78b, 79b, or 80b in Part

due under section 4965(a)(1). This

VI-B, and item G on page 1, of Form

requirement applies to entities

5227. A trust described in section

described in section 501(c), 501(d), or

General Instructions

4947(a)(2) is considered a private

170(c) (other than the United States) or

foundation insofar as it is subject to

an Indian tribal government (within the

Chapter 42 provisions.

Purpose of Form

meaning of section 7701(a)(40)).

Use Form 4720 to figure and pay:

Other organizations owing initial

Any entity described in section

•

taxes on excess business holdings

The initial taxes on private

TIP

4965(c) that is a party to a

Supporting organizations described in

foundations and self-dealers, under

PTST must file Form 8886-T.

section 4943(f)(3) and donor advised

sections 4941 through 4945 for

funds described in section 4966(d)(2)

self-dealing, failure to distribute income,

Managers, self-dealers, disqualified

that owe the tax reported on Schedule

excess business holdings, investments

persons, donors, donor advisors,

C (section 4943(a)).

that jeopardize charitable purpose, and

and related persons. If you are a

taxable expenditures;

Public charities making excess

manager, self-dealer, disqualified

•

The initial tax on certain supporting

lobbying expenditures. Public

person, donor, donor advisor, or related

organizations and donor advised funds

charities that made the election under

person who owes tax under Chapter 41

for excess business holdings under

section 501(h) and owe tax on excess

or 42, including entity managers under

section 4943;

lobbying expenditures as figured on

section 4965, and you have the same

•

The section 4911 tax on excess

Schedule C (Form 990 or 990-EZ), Part

tax year (or accounting year, as

lobbying expenditures by public

II-A, must file Form 4720 to report the

applicable) of the entity, you may report

charities that have elected to be subject

liability and pay the tax (Schedule G).

the tax you owe on the Form 4720 filed

to section 501(h) regarding

by the entity. Managers, self-dealers,

Certain organizations (and possibly

expenditures to influence legislation.

and disqualified persons who do this

their managers) whose section

(Private foundations and section

are responsible for the parts that relate

501(c)(3) status is revoked because of

4947(a) trusts are not eligible to make

to taxes they owe and should include

excess lobbying activities are subject to

this election.);

their own check or money order,

•

a 5% excise tax on their lobbying

The section 4912 tax on excess

payable to the United States Treasury,

expenditures.

lobbying expenditures that result in loss

with the return.

of section 501(c)(3) tax-exempt status;

Organizations making political

•

The section 4955 tax imposed on any

expenditures. All section 501(c)(3)

Managers, self-dealers, disqualified

amount paid or incurred by a section

organizations that make a political

persons, donors, donor advisors, and

501(c)(3) organization that participates

expenditure must file Form 4720 to

related persons who owe tax under

or intervenes in any political campaign

report the liability and pay the tax.

Chapter 41 or 42, including entity

on behalf of, or in opposition to, any

Organization managers may report any

managers under section 4965, and do

candidate for public office;

first tier tax they owe on Schedule F of

not have the same tax year (or

•

Form 4720. (See Schedule F

The section 4958 initial taxes on

accounting year, as applicable) or do

instructions for the definition of political

disqualified persons and organization

not sign the return of the entity, must

expenditures.)

managers of section 501(c)(3) (except

file a separate return on Form 4720

private foundations) and section

showing the tax owed and the name of

Charitable organizations that make

501(c)(4) organizations that engage in

the entity for which you owe tax. If you

certain premium payments on

excess benefit transactions;

file a separate Form 4720, enter your

personal benefit contracts. Form

•

The section 4965 taxes related to

tax year at the top of the form. Enter

4720 must be filed by any organization

prohibited tax shelter transactions;

your name, address, and taxpayer

described in section 170(c) or section

•

The section 4966 taxes on taxable

identification number in Part II-A.

664(d) that answered “Yes” to question

distributions by sponsoring

7f in Part V of Form 990, question 6b in

Complete all the information the form

organizations maintaining donor

Part VII-B of Form 990-PF, question

requires, to the extent possible, that

advised funds;

80b in Part VI-B of Form 5227, or that

applies to your liability.

•

otherwise paid premiums on a personal

The section 4967 taxes on

benefit contract in connection with a

distribution of prohibited benefits from

Managers of tax favored

transfer to an organization for which a

donor advised funds;

TIP

retirement plans, individual

•

charitable deduction was not allowed to

retirement arrangements, and

The section 170(f)(10) tax on any

the transferor.

savings arrangements described in

premiums paid on a personal benefit

sections 401(a), 403(a), 403(b), 529,

contract in connection with a transfer to

Sponsoring organizations

457(b), 408(a), 220(d), 408(b), 530, or

an organization or charitable remainder

maintaining donor advised funds.

223(d) must report and pay tax due

trust for which a charitable deduction is

All section 170(c) organizations

under section 4965(a)(2) on Form

not allowed to the transferor; and

(excluding private foundations and

•

5330.

The section 664(c)(2) tax on the

government organizations referred to in

unrelated business taxable income of a

sections 170(c)(1) and 170(c)(2)(A))

Charitable Remainder Trusts. All

charitable remainder trust.

that maintain one or more donor

charitable remainder trusts described in

advised funds must file Form 4720 to

section 664 that have unrelated

Who Must File

report the liability and pay the tax owed

business taxable income for the tax

on any taxable distributions under

year must file Form 4720 to report the

Private foundations and section

section 4966 (Schedule K).

liability and pay the tax due. Unrelated

4947(a) trusts. Generally, Form 4720

business taxable income is figured

must be filed by all organizations,

Certain tax-exempt entities that are a

under section 512 and is determined as

including foreign organizations, that

party to a prohibited tax shelter

if Part III of subchapter F applies to

answered “Yes” to question 1b, 1c, 2b,

transaction (PTST). Certain

such trusts.

3b, 4a, 4b, 5b, 6b, or 7b in Part VII-B of

tax-exempt entities must file Form 4720

-2-

Form 4720 Instructions

Instructions For Form 4720 - Return Of Certain Excise Taxes On Charities And Other Persons - Department Of The Treasury - 2009 Page 2

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